WASHINGTON - More than 6.6 million Americans applied for unemployment benefits last week - doubling a record high set just one week earlier - a sign that layoffs are accelerating in the midst of the coronavirus.
The stunning report Thursday from the Labor Department showed that job cuts are mounting against the backdrop of economies in the United States and abroad that have almost certainly sunk into a severe recession as businesses close across the world.
The figure for last week is much higher than the previous record of 3.3 million reported for the previous week. The surging layoffs...Read more ...